Digital lending platform Fibe's parent company,Social Worth Technologies Ltd, has filed its Draft Red Herring Prospectus (DRHP) with theSecurities and Exchange Board of India (SEBI), taking the first formal step towards its initial public offering (IPO). The filing was made on29 June 2026, with details becoming public on30 June. The proposed IPO will consist of afresh issue of equity shares worth ₹750 croreand anOffer for Sale (OFS) of over 4 crore equity sharesby existing shareholders. The company may also consider apre-IPO placement of up to ₹150 crorebefore filing the final Red Herring Prospectus, which would reduce the size of the fresh issue if completed. Source: Company's DRHP and exchange filings. According to the DRHP,₹562.6 crorefrom the fresh issue will be invested inESPL, the company's material subsidiary. The funds will primarily strengthen ESPL's capital base to support future lending activities. The remaining proceeds will be used for general corporate purposes. Proceeds from the OFS will go to the selling shareholders rather than the company. The company said that listing on the stock exchanges is also expected to strengthen its brand presence and create a public market for its shares. Several prominent investors will partially exit through the Offer for Sale. These includeThe Rise Fund III (TPG),Norwest Capital,Eight Roads Ventures,Piramal Finance,Kariba Holdings,Galaxystar Ground,Chiratae,IDG Ventures,Sabre Investment Consultants, and others. Fibe was founded byAkshay MehrotraandAshish Goyaland is backed by investors includingInternational Finance Corporation (IFC), TPG and Norwest. Founded in 2015 and formerly known asEarlySalary, Fibe has expanded beyond personal loans into financing for education, healthcare, insurance and other consumer needs. The company says it uses artificial intelligence, machine learning and data science across customer onboarding, underwriting, fraud detection and collections. As of31 March 2026, Fibe reportedassets under management (AUM) of ₹8,602.7 crore, up from₹4,064.1 croretwo years earlier, reflecting a compound annual growth rate (CAGR) of45.49%. Personal loans accounted for77.38%of its total AUM. The company also reported a126.4% increase in profit, reaching₹257.5 crore in FY26, whilenet interest income rose 28.1% to ₹734.9 crore, highlighting continued growth in its lending business ahead of its proposed public listing.
